The celebrity stage magician Mandrake returns from a trip to Shanghai. He has obtained a source of the rare mineral Platonite. He intends to use this to power the Radium Energy Machine invented by Professor Houston, the father of his girlfriend Betty. Before the ship even docks in California, agents of the masked criminal known as The Wasp attempt to kill Mandrake. The Wasp’s men then steal the machine and abduct Professor Houston. They have reckoned without Mandrake, aided by his trusty assistant Lothar, who goes into action using his arsenal of magic tricks to stop them.
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